Labour Costs in Malta increased to 119.02 points in the first quarter of 2020 from 106.86 points in the fourth quarter of 2019.

Labour Costs in Malta averaged 91.75 points from 2000 until 2020, reaching an all time high of 119.02 points in the first quarter of 2020 and a record low of 64.45 points in the third quarter of 2000. This page provides - Malta Labour Costs - actual values, historical data, forecast, chart, statistics, economic calendar and news. Malta Labour Costs - values, historical data and charts - was last updated on August of 2020.

Labour Costs in Malta is expected to be 116.21 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Labour Costs in Malta to stand at 110.53 in 12 months time. In the long-term, the Malta Labour Costs is projected to trend around 110.70 points in 2021 and 110.76 points in 2022, according to our econometric models.

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Malta Labour Costs

Actual Previous Highest Lowest Dates Unit Frequency
119.02 106.86 119.02 64.45 2000 - 2020 points Quarterly
2010=100, NSA

Malta Labour Last Previous Highest Lowest Unit
Unemployment Rate 3.30 3.20 8.24 3.20 percent [+]
Employed Persons 225703.00 224737.00 225703.00 128206.00 [+]
Unemployed Persons 4270.00 4409.00 8830.00 1616.00 [+]
Long Term Unemployment Rate 1.40 1.10 4.30 0.90 percent [+]
Youth Unemployment Rate 11.80 12.30 19.90 7.40 percent [+]
Labour Costs 119.02 106.86 119.02 64.45 points [+]
Wages 20196.07 19488.25 20196.07 10937.85 EUR/Year [+]
Minimum Wages 761.97 761.97 761.97 464.93 EUR/Month [+]
Population 0.49 0.48 0.49 0.30 Million [+]
Retirement Age Women 62.00 62.00 62.00 60.00 [+]
Retirement Age Men 62.00 62.00 62.00 61.00 [+]
Labor Force Participation Rate 62.00 61.80 62.00 48.40 percent [+]
Part Time Employment 32.40 30.40 32.40 8.60 Thousand [+]
Productivity 101.70 102.00 104.10 70.70 points [+]
Employment Change 1.30 1.70 2.60 -1.60 percent [+]
Employment Rate 74.60 74.10 74.60 53.00 percent [+]
Full Time Employment 219.90 219.20 219.90 132.80 Thousand [+]